Stock News Buzz: CohBar, Inc. (NASDAQ: CWBR)

On 12 May 2020, CohBar, Inc. (NASDAQ: CWBR) stock observed trading -29.88% off 52-week high price. On the other end, the stock has been noted 242.53% away from low price over the last 52-weeks. The stock disclosed a move of 63.39% away from 50 day moving average and 72.58% away from 200 day moving average. Moving closer, we can see that shares have been trading 18.31% off 20-day moving average.

CohBar, Inc. (CWBR) recently stated its financial results for the fourth quarter ended December 31, 2019.

Fourth Quarter 2019 Financial Highlights

  • Cash and Investments. CohBar had cash and cash equivalents of $12.6M as of December 31, 2019, contrast to $22.2M as of December 31, 2018.  The cash burn for the quarter ended December 31, 2019, was about $2.2M.
  • R&D Expenses. Research and development expenses were $1.9M for the three months ended December 31, 2019, contrast to $2.1M in the previous year quarter. The decrease was primarily Because of lower clinical and preclinical costs in the quarter, partially offset by a raise in costs associated with CohBar’s research programs focused on the continuing development of peptides.
  • G&A Expenses. General and administrative expenses were $1.7M for the three months ended December 31, 2019, contrast to $2.0M in the previous year quarter. The decrease in general and administrative expenses was primarily Because of severance and non-cash stock-based compensation costs related to the termination of CohBar’s former CEO in the previous year period and a decrease in recruiting fees, partially offset by a raise in payroll related accruals, legal fees and D&O insurance premiums.
  • Net Loss. For the three months ended December 31, 2019, net loss, which included $0.7M of non-cash expenses, was $3.7M, or $0.09 per basic and diluted share.  For the three months ended December 31, 2018, net loss, which included $1.0M of non-cash expenses, was $4.2M, or $0.10 per basic and diluted share.

The USA based company CohBar, Inc. moved with change of -10.24% to $2.98 with the total traded volume of 175213 shares in recent session versus to an average volume of 97.81K. CWBR’s shares are at 63.74% for the quarter and driving a 21.63% return over the course of the past year and is now at 86.25% since this point in 2018. The average volatility for the week and month was at 17.72% and 17.59% respectively. There are 42.75M shares outstanding and 29.14M shares are floated in market.

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